5 November 2024
TR-1 Notification of Major
Holdings
Atlantic Lithium Limited (AIM: ALL, ASX: A11, GSE: ALLGH, OTCQX:
ALLIF, "Atlantic Lithium" or the "Company"), the Africa-focused lithium exploration and development company
targeting the delivery of Ghana's first lithium mine, wishes
to announce that the Company has received the
following TR-1 notification from major shareholder Assore
International Holdings Limited ("Assore").
The notification reflects Assore's shareholding
in the Company changing over a percentage threshold resulting from
the admission to trading of the Tranche 1 Shares issued in line
with the Company's successful Equity Placing (refer announcement of 25 October 2024).
The voting rights of Assore currently sit at
27.16% of the total issued capital of the Company.
Revised Shareholdings Following
Equity Placing
Following the issue of Tranche 1 and Tranche 2
Shares, as detailed further in the announcement of 25 October 2024,
the revised shareholdings of Assore and the Participating Directors
will be as follows:
|
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Current
Shareholding1
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Percentage of Issued Share
Capital1
|
Subscription for Tranche 2
Shares
|
Resultant Shareholding after
Tranche 2 Shares issued2
|
Percentage of enlarged Issued
Share Capital2
|
|
Assore International Holdings
Limited
|
179,025,852
|
27.16%*
|
32,775,013
|
211,800,865
|
30.56%
|
|
Neil
Herbert
|
8,106,305
|
1.23%*
|
565,217
|
8,671,522
|
1.25%
|
|
Keith
Muller
|
200,000
|
0.03%
|
565,217
|
765,217
|
0.11%
|
|
Edward
Koranteng
|
Nil
|
0.00%
|
130,435
|
130,435
|
0.02%
|
1 Following issue of
Tranche 1 Shares
2 Following issue of
Tranche 2 Shares, conditional on shareholder approval at the
Company's Annual General Meeting to be held on 29 November
2024
* Amended from
announcement of 25 October 2024
The above table includes two amendments to the
percentage of issued share capital in respect of Assore and Neil
Herbert, which were calculated erroneously in the announcement of
25 October 2024.
Authorised for release by Amanda Harsas, Finance Director and
Company Secretary, Atlantic Lithium Limited.
TR-1:
Standard form for notification of major
holdings
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NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and
to the FCA in Microsoft Word format if possible)
i
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1a.
Identity of the issuer or the underlying issuer of existing shares
to which voting rights are attached ii:
|
Atlantic
Lithium Limited
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1b.
Please indicate if the issuer is a non-UK
issuer (please mark with an
"X" if appropriate)
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Non-UK issuer
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X
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2.
Reason for the notification (please
mark the appropriate box or boxes with an "X")
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An acquisition or disposal of voting
rights
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An acquisition or disposal of
financial instruments
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An event changing the breakdown of
voting rights
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X
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Other (please specify)
iii:
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3.
Details of person subject to the notification
obligation iv
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Name
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Assore International Holdings
Limited
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City and country of registered office
(if applicable)
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Winchester, United Kingdom
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4.
Full name of shareholder(s) (if
different from 3.) v
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Name
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City and country of registered office
(if applicable)
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5.
Date on which the threshold was crossed or reached
vi:
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30 / 10 / 2024
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6.
Date on which issuer notified
(DD/MM/YYYY):
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30 / 10 / 2024
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7.
Total positions of person(s) subject to the notification
obligation
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% of
voting rights attached to shares (total of 8. A)
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%
of voting rights through
financial instruments
(total of 8.B 1 + 8.B 2)
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Total of
both in % (8.A + 8.B)
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Total number of voting rights held in
issuer (8.A + 8.B) vii
|
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Resulting situation on the date on
which threshold was crossed or reached
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27.16
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27.16
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179,025,852
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Position of previous notification
(if
applicable)
|
28.40
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28.40
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179,025,852
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8.
Notified details of the resulting situation on the date on which
the threshold was crossed or reached
viii
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A:
Voting rights attached to shares
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Class/type of
shares
ISIN code (if possible)
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Number of voting rights ix
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% of
voting rights
|
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Direct
(DTR5.1)
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Indirect
(DTR5.2.1)
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Direct
(DTR5.1)
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Indirect
(DTR5.2.1)
|
|
AU0000237554
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179,025,852
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27.16
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|
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SUBTOTAL 8. A
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179,025,852
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27.16
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B 1:
Financial Instruments according to DTR5.3.1R (1)
(a)
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Type
of financial instrument
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Expiration
date x
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Exercise/
Conversion Period xi
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Number of voting rights that may be acquired if the instrument
is
exercised/converted.
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% of
voting rights
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SUBTOTAL 8. B 1
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B 2:
Financial Instruments with similar economic effect according to
DTR5.3.1R (1) (b)
|
|
Type
of financial instrument
|
Expiration
date x
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Exercise/
Conversion Period xi
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Physical or cash
Settlement xii
|
Number of voting rights
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% of
voting rights
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SUBTOTAL 8.B.2
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9.
Information in relation to the person subject to the notification
obligation (please mark
the
applicable box with an
"X")
|
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Person subject to the notification
obligation is not controlled by any natural person or legal entity
and does not control any other undertaking(s) holding directly or
indirectly an interest in the (underlying) issuer
xiii
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X
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|
Full chain of
controlled undertakings through which the voting rights and/or
the
financial instruments are effectively held starting with the
ultimate controlling natural person or legal entity (please add additional rows as necessary)
xiv
|
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Name
xv
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% of voting rights if it
equals or is higher than the notifiable threshold
|
% of voting rights through
financial instruments if it equals or is higher than the notifiable
threshold
|
Total of both if it equals or
is higher than the notifiable threshold
|
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10. In case of proxy voting,
please identify:
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Name of the proxy holder
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The number and % of voting rights
held
|
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The date until which the voting
rights will be held
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11.
Additional information xvi
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Place of completion
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Johannesburg, South Africa
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Date
of completion
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30 October 2024
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For any further information, please
contact:
Atlantic Lithium Limited
Neil Herbert (Executive Chairman)
Amanda Harsas (Finance Director and Company
Secretary)
|
|
www.atlanticlithium.com.au
|
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IR@atlanticlithium.com.au
|
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Tel: +61 2 8072
0640
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SP
Angel Corporate Finance LLP
Nominated Adviser
Jeff Keating
Charlie Bouverat
Tel: +44 (0)20 3470 0470
|
Yellow Jersey PR
Limited
Charles
Goodwin
Bessie
Elliot
atlantic@yellowjerseypr.com
Tel: +44 (0)20 3004
9512
|
Canaccord Genuity
Limited
Financial
Adviser:
Raj Khatri (UK)
/
Duncan St John,
Christian Calabrese (Australia)
Corporate
Broking:
James
Asensio
Tel: +44 (0) 20 7523
4500
|
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Notes to Editors:
About Atlantic
Lithium
www.atlanticlithium.com.au
Atlantic Lithium is an AIM, ASX, GSE and
OTCQX-listed lithium company advancing its flagship project, the
Ewoyaa Lithium Project, a significant lithium spodumene pegmatite
discovery in Ghana, through to production to become the country's
first lithium-producing mine.
The Definitive Feasibility Study for the Project
indicates the production of 3.6Mt of spodumene concentrate over a
12-year mine life, making it one of the largest spodumene
concentrate mines in the world.
The Project, which was awarded a Mining Lease in
October 2023, is being developed under an earn-in agreement with
Piedmont Lithium Inc.
Atlantic Lithium holds a portfolio of lithium
projects within 509km2 and 771km2 of granted
and under-application tenure across Ghana and Côte d'Ivoire
respectively, which, in addition to the Project, comprises
significantly under-explored, highly prospective
licences.